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20121002
20121002
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on people like mitt romney to help pay down some of that debt. >> reporter: we just put of that graphic there showing the $16 trillion of debt and there are so many digits it almost doesn't fit on the tv screen across the screen there, as you can see. but haven't americans in some way become number to astronomical numbers? how serious is this in. >> they have become number. is it the new normal this massive spilling of red ink but it raises three problems which i don't think the nation has got even to grips with yet. number one our economy is smaller than our debt. we look like europe, we know what happened there. number two we are spending $9 billion every week just paying interest on this debt, about a quarter of it goes overseas. and number 3, we are paying for this debt by printing money. so here is the question, allison, what happens when we stop printing as we inevitably will at some point, what happens when people stop lending us the money because we've borrowed so much. what happens when the markets say you can't afford this. no mas, no more lending? at that point the bubble bur
Search Results 0 to 1 of about 2 (some duplicates have been removed)

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